The IoT market for artificial intelligence (AI) and machine learning (ML) services will reach $1.09 billion in 2020 and grow to about 10-times the size, to $10.6 billion, by 2026, according to market advisory firm ABI Research. The massive growth of so-called ‘advanced analytics’ within the IoT technology market is down, in large part, to…
U.K. smart city company Connexin announced it has raised an initial commitment of up to £80 million ($103 million) in funding to further strengthen its position in the smart infrastructure and Internet of Things (IoT) sector. The company said that new investment will support the expansion of its business to meet expected growth in…
Deloitte and Wichita State University are building a new 60,000-square foot (5,500 square metre) smart factory showcase facility on Wichita State’s Innovation Campus, already sponsored by Deloitte, to include a full-scale production line, along with a partner space and lab facility. The new facility, dubbed The Smart Factory @ Wichita, is presented as a ‘learning…
End-to-end IoT security remains the top short-term priority for most respondents The latest survey conducted by the Internet of Things World and Omdia found that “an overwhelming majority” — 85% — of the 170 IoT industry leaders surveyed believe that security concerns remain a major barrier to IoT adoption. Because of this, end-to-end IoT security…
Peachtree Corners in the US, playing home to a live smart city testbed, has now installed 5G-enabled traffic monitoring video sensors. The city has signed with Bosch to deploy video-based analytics to manage driverless shuttles, remote-controlled e-scooters, and regular vehicles. Cradlepoint’s 5G router for testing fail-over connectivity is also included in the setup. Peachtree Corners…
The US government is to invest $1 billion into a dozen new research and development (R&D) institutes to stimulate the economy with homegrown artificial intelligence (AI), quantum information science (QIS), 5G communications, and other emerging technologies. The mission is to drive technological improvements in healthcare, communications, manufacturing, agriculture, transportation, and security. The White House, together…
Italy-based core network vendor and private network pioneer Athonet has released its open 5G core network on Amazon Web Services (AWS) to enable mobile carriers, radio vendors, and enterprises to deploy and experiment with working private 5G networks just by connecting radio equipment to the internet. It does away with the need to manually setup…
US-based IoT provider Ubicquia has closed a $30 million Series C funding round with new investment from Florida-based Fuel Venture Capital, as well as existing investors. The investment is focused on “accelerating” Ubicquia’s small cell and smart grid product offerings, and expanding its manufacturing capacity. The Fort Lauderdale firm makes modular smart lighting control platforms,…
Traditional network operators, as well as network vendors, do not have the in-house expertise to serve the enterprise market with industrial-grade private LTE and 5G networking. They need hand-holding by market specialists, in the form of enterprise customers and system integrators, if they are to be any more than a conduit for networking gear. This…
Vodafone New Zealand launched Connect by xone, which it describes as an “intuitive end-to-end Internet of Things (IoT) management solution” that gives businesses visibility and control over all their owned IoT assets. Globally, Vodafone Group says it manages more than 100 million IoT connections, and that Vodafone New Zealand supports more than 1.6 million…
